Free Trial

Germany: Mostly Flat, Bund Longs Stand Out (1/2)

BONDS

From our latest MNI Europe Pi Positioning Indicator update out earlier (PDF here):

  • Looking at Germany: three of the four contracts are in flat structural positioning.
  • This marks a change from pre-roll for Schatz (was short from mid-Oct-late Nov), but Bobl and Buxl have been flat for some time.
  • The standout here is Bund which has moved to "very long" structural positioning from merely "long" pre-rolls.
  • The most recent week of trade was indicative of long-setting in Bund and Buxl, with short covering in Schatz and Bobl.


To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.